The crypto market has experienced volatile fluctuations in the past month. With altcoins showing price revivals and regulators making announcements, the first half of 2024 has been eventful. As we approach the second half of the year, some altcoins are showing signs of potential bullish performances in the coming months.
Ethereum (ETH) has shown a monthly price performance of 21.19% and has broken multiple resistance levels in the past month. With a year-to-date price performance increase of 54.68%, ETH shows potential for a bullish takeover. The recent approval of spot ETH ETF listings by the US SEC caused a price rally which instigated the altcoin to break its $3K resistance. Analysts predict that the ETH market price will hit $4K in 2024.
TON, the native token of The Open Network (TON) blockchain, has witnessed multiple instances of market attention over the past month. Despite a recent price dip, the altcoin still shows potential for bullish performances in the coming week.
Litecoin has caught market attention this week due to its upsurge in on-chain activity. Despite a price decline in the past month, the altcoin has shown a notable increase in the number of transactions and wallet addresses.
FLOKI, one of the famed memecoins, has shown a monthly price increase of 45% and hit its all-time high in market price on June 5. Furthermore, FLOKI’s native Name Service went live in the past month, showing potential for further upward pressure.
Uniswap witnessed a rough phase in the first half of 2024 due to the SEC’s claims about Uniswap being an unregistered securities exchange. Despite the lawsuit, Uniswap hit new milestones this year with a yearly price surge of 129.73%.
Pepe, the frog-themed meme coin, has drawn notable market attention in the past few months. The memecoin has witnessed a significant price surge and reclaimed its position as the third-largest memecoin in the crypto market.
The native token of the Polygon blockchain, MATIC, has shown a modest performance during the first half of 2024. However, bearish trends majorly dominated its momentum in H1 2024. Recently the Polygon community has announced a community grant program of a whopping 35 million MATIC.
Among the top altcoins, Solana (SOL) has stirred discussions of an ETF entrant presently. The token has also shown a price increase of 6.44% in the past month and received immense attention from leading celebrities globally.
Shiba Inu, the second largest memecoin in the crypto market, has been a consistent interest among investors. While the altcoin is witnessing a recent price dip, it has shown a notable increase of 117.36% in the past six months.
The Ripple ecosystem has witnessed scrutiny from regulators and the market collectively in the first half of 2024. Additionally, Ripple in April 2024 launched its stablecoin, ‘Ripple USD’ (RLUSD).
The overall crypto market is expected to see multiple advancements in the second half of this year. Despite the regulators’ increased scrutiny, community members hold a positive outlook toward cryptocurrency moving into the mainstream in the second half.
